ASM International had a great fourth quarter. This is evident from the data published by the chip machine manufacturer. ASMI recorded in the last quarter of 2022 a turnover of 725 million euros and a net profit of 237 million euros. CFO Paul Verhagen is very pleased, but points out that the export restriction to China is affecting the company. ‘It has an impact.’
‘We had a strong quarter, but also a strong year. We had revenue growth of more than 33 percent, good margins, two acquisitions, and we’ve made a lot of strides in the sustainability space. We have made progress on all fronts,’ says Verhagen.
China’s chip machine export restriction affects the company, says the CFO. Verhagen expects between 10 and 25 percent of sales to go to China, which is 3 percent of total sales. “It’s limited, but still has an impact.”
While lower revenue usually translates into lower investment in research and innovation, ASMI invested heavily in research and development in 2022 and will continue to do so in 2023. Verhagen does not foresee any problems in the near future as more and more countries are starting to “internalize” and start making chips yourself to become strategically autonomous.
“The Chips Are Hot”
The fries are hot. It can be seen that in every region, chips are being staked to invest locally and build a stronger industry.’ Verhagen calls this a positive development that should continue in the coming years. “Everything that has a plug has a chip in the device.” Not only does the number of chip requests increase, but the amount of chips per application also increases.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
